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Here's how Elon Musk told employees he was abandoning the take-private idea for Tesla

Here's how Elon Musk told employees he was abandoning the take-private idea for Tesla

6 years ago
Anonymous $oIHRkISgaL

https://www.cnbc.com/2018/08/24/elon-musk-sent-this-e-mail-to-employees-abandoning-take-private-plan.html

Tesla will remain a publicly traded company, CEO and chairman Elon Musk said late Friday, just weeks after he floated the idea of going private in order to ward off short-sellers and volatility in the company's stock.

In early August, Musk touched off a firestorm by saying on Twitter that he was considering taking Tesla private at $420 per share, adding that funding was "secured." In the wake of that announcement, Musk has been buffeted by skepticism, and faced the threat of a regulatory probe.